The boom in Indian real estate has
reached each and every corner of the country- West, East, South, North and
Central. Central India includes Madhya Pradesh and parts of Maharashtra, Uttar
Pradesh, Andhra Pradesh and probably Chattisgarh. This article highlights the
progressive realty sector in various cities of these states in Central India.
Let us now take a quick look at property markets in each one of them.
Madhya Pradesh (Bhopal, Indore, Gwalior and Ujjain)
MP signifies Central India in its
most literal sense as it lies in the exact center of the country. Some of the
important cities in terms of realty developments include Bhopal, the capital
city; Indore, the commercial center; Gwalior, the tourist capital of MP and
Ujjain, the ancient city.
Real estate in Bhopal has been
constantly winning attention as a result of its strategic location and plethora
of investment avenues. Major realty developers like DLF and Unitech are
constructing property in the capital city of
Madhya Pradesh. The wholesome approach for realty developments serves all the
commercial and residential needs of the industries effectively. Well-known for its
culture, it is now one of the hottest realty destinations.
Indore real estate is flourishing
swiftly owing to its huge potential as an IT destination. Already a commercial
hub, it is getting ready to welcome more and more industries creating the need
for advanced commercial setups. With the industries would come professionals
and thereby a subsequent need to accommodate them. Thus follows the
developments in residential and retail realty sectors which apparently are a
trend throughout the country.
Property in Gwalior and Ujjain in
the ‘Heart of India’ is also prospering well following in the footsteps of
Bhopal and Indore. Gwalior is a famous tourist hub known for its art and
culture- festivals, dances, architectural marvels, cultural heritage, historical
richness, etc. And Ujjain is an ancient city with numerous historical monuments
and sites- temples, palaces, caves and others. Besides being a tourist spot, it
is considered to be one among the 7 holiest places for Hindus.
Real estate in Maharashtra (Mumbai, Pune, Nasik, and Nagpur)
The fastest developing cities in
Maharashtra with high realty growth are Mumbai, the financial capital of India;
Pune, the educational and cultural center of Maharashtra; Nashik, the ‘Wine
capital of India’ and Nagpur, the largest city in Central India.
Mumbai and Pune real
estate are well known centers of investment today. Mumbai is the state
capital and an important metro city where realty is magnifying as its
peripheries are redefined everyday. Similarly, property in Pune, the ‘Silicon
valley of India’ is an attractive avenue for all- developers, buyers and
investors.
Nasik property sector is
expanding on its promise of extending both a cosmopolitan and peaceful life. In
wake of its cultural and historical significance, Nasik is a prominent tourist
spot particulary for Hindu pilgrims. The improved civic infrastructure and
better transport facilities along with the availability of free land, low labor
cost and high returns has propelled Nasik real estate in a big way.
-Nagpur realty is progressing at
such a pace that massive surge in its prices can be seen. The 2nd capital to
the state, it is among the most affordable realty hotspots for residential
buyers in western India. Along with shift of industries into the city comes
demand for both commercial and residential spaces thereby boosting the real
estate sector. It is emerging as one of the most lucrative tier- II
cities rapidly transforming from a sleepy town to the modern one. Therefore, it
can be said that property in Central India is at its best with gargantuan
developments and sky rocketing prices.
